Chinese Tech Firm Webus Jumps After SEC Filing Signals Major XRP Accumulation

Webus Charts $300M XRP Treasury Plan in Blockchain Payments Expansion

Webus International (WETO) is ramping up its blockchain strategy with plans to allocate $300 million toward an XRP-based corporate treasury, according to a new SEC filing released Tuesday.

The China-based travel and mobility firm intends to leverage Ripple’s blockchain infrastructure to streamline cross-border payments, specifically within its global chauffeur services network. The treasury initiative will be funded through credit arrangements, not new share issuance, indicating a capital-efficient approach to crypto adoption.

Webus also confirmed it is renewing its partnership with Tongcheng Travel Holdings, expanding their “Wetour x Tongcheng” ride services while aiming to use the XRP Ledger for real-time settlement of international transactions and driver payouts.

This move closely follows VivoPower International’s $121 million XRP treasury announcement, suggesting growing momentum among traditional businesses exploring tokenized reserves and blockchain-based finance.

Though still in early stages and pending due diligence, the plan underlines a larger shift in how companies approach liquidity, treasury diversification, and payment rails. XRP rose 2% on the day, while Webus shares jumped 9% in early Nasdaq trading.